NVIDIA CorporationNVDA
Mentioned
Impact on stocks 2
Artificial Intelligence
NVIDIA CorporationDefense & Geopolitical Fragmentation
Palantir Technologies Inc.PLTR
Mentioned
Michael Burry has re-established a bearish position on Palantir Technologies, buying March 2027 $100 put options and arguing the stock's long-run intrinsic value is below $1 per share. Palantir closed at $175.23 on August 10, so Burry's target implies a decline of more than 99%. Burry cites Palantir's roughly 69 times sales multiple, tripling non-cancellable infrastructure purchase agreements during 2026, and a large accounting gap related to stock-based compensation. However, Palantir's second-quarter results showed revenue up 93% year over year to $1.94 billion, U.S. commercial revenue up 149% to $764 million, U.S. government revenue up 90% to $809 million, and adjusted free cash flow of $1.22 billion, a 63% margin. U.S. commercial remaining deal value rose 124% to $6.24 billion, total contract value increased 49% to $3.37 billion, and the company closed 220 deals worth at least $1 million during the quarter.
NVIDIA CorporationPalantir Technologies Inc.